Assignments: EC 2201.10 ($23 X M Question 9 - HW 8 - Connect X Economic Rent versus Econom X C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252F... ( * HW 8 i Saved Help Save & Exit Submit Check my work 9 Serena is a single-price, profit-maximizing monopolist in the sale of her own patented perfume, whose demand and marginal cost curves are as shown below. a. Relative to the economic surplus that would result at the socially optimal quantity and price, how much economic surplus is lost from her selling at the monopolist's profit-maximizing quantity and price? points Instructions: In the graph, indicate the area that represents the reduction in total economic surplus. O eBook Tools Print Loss References Price ($/ounce) 12 16 20 24 28 Quantity (ounces/day) MC DO FB 20 388 F6 FA F3 esc O $ #eBook 25 20 15 Print 10 D References 8 12. 16 20 24 28 Quantity (ounces/day) Total economic surplus lost: $ per day. b. How much total surplus would result if Serena could act as a perfectly price-discriminating monopolist? Total surplus: $ per day. Mc Graw Hill 20 388 FA esc 45 Po a 6 2 2 3 T U Q W E R G H K S D F A lock N M V B X C